Is it legal to tax completely underwater land?

So confused! My county thinks we have a condo but we thought we have a single-family home (i.e. a free-standing house on land we own). Then why does my property tax bill show that we've been taxed for the land? Here's a confusing and somewhat obscure...

My dad has piece of land of about 3000 sq ft. We purchased this land in 90's, in form of Share certificates from co-operative society. We also got legal papers for land in our name. Later we forgot to pay the land tax that is charged by government annually...

I inherited farm land in 2004, my Texas property tax form states market value at that time was around $150,000. In 2011 the tax value was around 210,000; I sold the land for 200,000. So do I pay capital gains tax on the difference between the 2004 value...

If a developer develops a land of some others(generally this happens in real estate business) what are the tax consequences in the case of developer and the land owner? Below are my doubts in a case.... This is a case where the land of Mr X was given...

i own my home, there was an issue on the ballet to add a 10% tax levy to land owners. But 90% of the people who voted for this are not land owners. who will never feel this new tax. I don't understand why and how this is fair. I think that only people...

I bought a residential land TWO years back for Rs. X. Now, I need money to buy a flat and so I plan to sell the land. The flats' cost is 2X. And I am able to find a buyer for my land for a price of 2X (lucky me !?). My question is: Will there be any...